A startup that uses generative AI to create synthetic data has just nabbed $6 million in Series A funding from United Ventures.
Italian startup Aindo, which launched in 2018, has developed and patented a technology which can generate artificial data, which mimics the characteristics and patterns of the original dataset.
This can then be used to train AI models across a range of industries.
IBy 2024, 60% of the data used for AI will be synthetic, according to estimates from Gartner.
Europe's data protection laws also mean that acquiring certain data points – such as medical records or patient details — is difficult.
Persons:
Daniele Panfilo, Panfilo, Aindo's, Aindo
Organizations:
United Ventures, Gartner